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SC, CFDs and exchange data


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SC, CFDs and exchange data

  #1 (permalink)
Mammal
Bristol, UK
 
Posts: 23 since Feb 2018
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I was wondering if anyone was in a similar situation to me and if so what you're doing...?

I am using Eurex exchange data with charts and DOM, but placing orders with SC's LMAX link up via a chart or DOM. This is a little cumbersome, and takes up space having duplicate charts so I can manage my orders and see what's happening in the market at the same time.

It would be useful if when I placed an order on ger30 to open a sim order on the DAX, and then manipulating the DAX order would correspondingly alter the ger30 order, I wonder if that's possible...

Any ideas very welcome!

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  #2 (permalink)
Zambi
Scottsdale
 
Posts: 34 since Nov 2010
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Hi Mammal.

I'm not sure about having two active ORDERS interacting with one another, but I do remember helping a friend with a setup with two active SYMBOLS on a single chart, i.e. trading one symbol based on the chart of another. His situation was similar to yours, having live data for FDAX futures but executing trades on the Ger30 CFD through FXCM brokerage (or the other way round).

One solution was pretty straightforward. Somewhere in the chart settings window, you can enter a symbol to TRADE, different from the symbol being CHARTED.

Another solution would be to use the "overlay" studies if I remember the name correctly. You open one trading chart for, say, the CFD Ger30 and then set its bar style to "none" or "blank" if you want. This way no bars are painted on chart, but you still get the prices and the ability to trade from that chart.

Now open another chart for another symbol, the FDAX, getting live data from Eurex. Apply the indicators you want to that chart, then minimize it. The chart is still there, but doesn't take up any space.

Go back to the Ger30 trading chart, and insert some of Sierra's built-in overlay studies. Use those to read numbers off the subgraphs on the FDAX chart.

In the end you'll have a workspace with two charts, but one of them is hidden out of view.

I hope this helps. I'm not sure the above is exactly how we did it, but it should give you some idea.

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  #3 (permalink)
Mammal
Bristol, UK
 
Posts: 23 since Feb 2018
Thanks Given: 14
Thanks Received: 10


Thanks Zambi, great ideas! Being able to trade a different product from the symbol you're charting is a great feature -I'd totally missed that! The only problem there it seems is that most cfd providers offset their prices, LMAXs ger30 can be 5-10 pts off from the FDAX.

The overlay option sounds promising, I'll have a play

Hope you and your friend are doing well.

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Last Updated on May 21, 2018


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